banner_ad

Clubing of income

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 February 2016 Amount transferred by mother in law to daughter in law & income generated out of that amount is taxable in whose hands?
does clubbing of income section applicable?
Profile Image

Ankur Singhal

Profile Image

Ankur Singhal (Expert)
23 February 2016 Dear
It will be clubbed in hands of mother in law.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
23 February 2016 but isn't it applicable only in case of transfer from husband or FIL?
Profile Image

Ankur Singhal

Profile Image

Ankur Singhal (Expert)
23 February 2016 Dear
Under section 64(1)(vi)Income from the assets transferred to son’s wife is clubbed.
Here son's wife for both the mother and father.
MIL and FIL both are covered as the son is of both of them.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details